48 comments

this is like trying to predict how many horses will be needed in 2000 when you are in 1900, the new apple coin in the iphone store , google coin in the android store will change everything. people will go to the brand name

A met a dude last night and we were talking crypto. He said Bitcoin will be the #3 coin in 2025. He went over the ebbs and flows of the market from now till then. I thought he was just fukn crazy as he stumbled out of the bar. It wasn't until I saw him crawl into a Delorean and fly down the street leaving a streak of flames behind him that I said to myself, "Fuuucckkk…He's dead".

What a wonderful video! Amazing. Very thoughtful and futuristic. Just to put my 2 cents here, I don't know if Bitcoin will ever hit $1M or not but I do know Governments will settle their debts in Bitcoin (Like Finland has already planned), Amazon will use Data stream to identify Bitcoin User address, US Govt is not stupid to hold the largest amount of Bitcoin , Japan and South Korea are not stupid to make it legal. If you look at the regulatory aspects, the countries that have problem with Bitcoin are kind of similar, either in culture(China & Russia) or in Economy (India, Bangladesh, pakistan and all the third world countries). They had always problem with innovation. The phrase "Intellectual Property" is something that does not exist in their law books.These countries have the history of stealing technology from the West or accepting the innovative technology when the technology is at least 2 decades old. By the time they will understand the value of Bitcoin, Blockchain, smart contract and decentralization west will come up with the idea of immortality and leaving the earth for another planet. .

With the current technology of BITCOIN If it was $1 million per btc it would take ~two weeks and cost ~$45,000 to complete a transaction. The BTC blockchain needs to be properly upgraded so it can support the transaction speed

Many countries have switched to bitcoin ? If it takes half an hour to transfer bitcoins to someone else and even then it will cost you… it's useless – when you can transfer it instantly and free then it might make sense

Market cap is not the amount of money in the system, just the price of the last sale multipled by the number of coins. If I won the lottery and went mad buying BTC for 1Mill tomorrow, BTCs market cap would be 21 Trillion. To do this I'd only have to put in a few million. BTC will not have to start sucking in whole countries fiat to do this. A bitcoin will be worth 1 million when someone is willing to pay that for one Bitcoin. I think that's a bet worth taking.

Bitcoin failed as a currency, but succeeded as a speculative Ponzi scheme. Only reason to buy bitcoin now, for the average (not-criminal) guy is to speculate. Hoping to get rich from bitcoin reaching 1 mil is like hoping smart money will become stupid money. For example you buy 1BTC (stupid money) and hope the rich/whales will put their millions/billions $ (smart money) into bitcoin pushing it to 1 million. Then you cash out, while smart money take a loss. Ha ha…

No. Decentralization is too hard and slow and the nerds working on bitcoin can focus 100% on while the rest of us need a family and kids and wives. They think 10 years is not a long time. The Internet did so much in 10 years. I give up on this generation. It will in 2500 when inflation of the usd made it so by default.